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Labor Economics

Are We Running Out of Engineers?

Tuesday, September 2nd, 2008

No, we are not. From something I came across today: Concerns about the science and engineering job market are not rooted in a classic labor market shortage. The earnings of scientists and engineers are not rising rapidly, relative to other highly educated workers. There are no massive job vacancies in academe, business, or government. If […]

Why do CEOs Make so Much Money?

Thursday, August 14th, 2008

Fortune 500 CEOs are constantly criticized for their excessive salaries. Over the last few decades their wages have been rapidly rising while the median wages have been stagnating. See the graph that illustrates that: “In 1965, U.S. CEOs in major companies earned 24 times more than an average worker…Since then, however, CEO pay has exploded […]